In yesterday’s Wall Street session, Neogen Corp. (NASDAQ:NEOG) shares traded at $12.50, down -4.14% from the previous session.
NEOG stock price is now -21.66% away from the 50-day moving average and -32.23% away from the 200-day moving average. The market capitalization of the company currently stands at $2.71B.
With the price target of $22, Wells Fargo recently initiated with Overweight rating for Neogen Corp. (NASDAQ: NEOG). , while ‘Piper Sandler’ rates the stock as ‘Neutral’
In other news, ADENT JOHN EDWARD, CEO bought 23,000 shares of the company’s stock on Apr 10 ’24. The stock was bought for $284,190 at an average price of $12.36. Upon completion of the transaction, the CEO now directly owns 152,389 shares in the company, valued at $1.9 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 10 ’24, CFO Naemura David H. bought 12,500 shares of the business’s stock. A total of $156,321 was incurred on buying the stock at an average price of $12.51. This leaves the insider owning 30,040 shares of the company worth $0.38 million. A total of 0.13% of the company’s stock is owned by insiders.
During the past 12 months, Neogen Corp. has had a low of $12.57 and a high of $24.09. As of last week, the company has a debt-to-equity ratio of 0.28, a current ratio of 3.82, and a quick ratio of 2.66. According to the stock market information, the enterprise value for the company is $3.48B, which is based on a 1736.11 price-to-earnings ratio, a 173.61 price-to-earnings-growth ratio, and a beta of 1.14. The fifty day moving average price for NEOG is $15.96 and a two-hundred day moving average price translates $18.45 for the stock.
The latest earnings results from Neogen Corp. (NASDAQ: NEOG) was released for Feb, 2024. According to the Diagnostics & Research Company, earnings per share came in at $0.12, missing analysts’ expectations of $0.14 by -0.02. This compares to $0.04 EPS in the same period last year. The net profit margin was 0.17% and return on equity was 0.05% for NEOG. The company reported revenue of $228.81 million for the quarter, compared to $218.25 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.84 percent. For the current quarter, analysts expect NEOG to generate $235.75M in revenue.
